Western Asset Global Corporate Defined Opportunity Fund
30 hedge funds and large institutions have $16M invested in Western Asset Global Corporate Defined Opportunity Fund in 2024 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 18 closing their positions.
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
26.96% less ownership
Funds ownership: 36.4% → 9.44% (-27%)
30% less funds holding
Funds holding: 43 → 30 (-13)
61% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 18
77% less capital invested
Capital invested by funds: $70M → $16M (-$54M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$676K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$598K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$417K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$337K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$180K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$16M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$8.73M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$7.4M |
| 4 |
Jane Street
New York
|
-$6.45M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$4.87M |
GDO Hedge Fund Activity: Q4 2024 in Review
30 of the 7,607 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2024, worth a combined $16M — down 77% from $70M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of GDO and 7 opened new positions — a net loss of 11 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $676K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $16M sold.
- 30 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2024, down from 43 in Q3 2024.
- Funds reported $16M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2024, down 77% quarter-over-quarter.
- 7 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2024 and 18 closed out, a net change of -11 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2024 was Wolverine Asset Management, an estimated $676K added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2024 was Sit Investment Associates, an estimated $16M sold.
Based on aggregated 13F filings for Q4 2024.